Thread by @ThHappyHawaiian

The fact that @PeterSchiff defended unallocated #silver accounts again on his show, but without adding anything of substance, shows what a great job the true precious metals community is doing

Keep educating people as to what these accounts are, get a refund, buy real metal!

I’m clearly not alone in saying this, but the metal just isn’t there

And #perthmint & @Kitco_Metals dont hide that fact either

You are lending money and paying a shitload of fees to do so

You have little to no rights in these contracts. It’s simply a terrible product

@PeterSchiff and his bank EuroPac collect massive fees to push you into it

Just because he says you should diversify doesn’t mean he didn’t recommend putting part of your money into the single worst precious metals product that exists, for his own gain

He’s sold a bag of goods

Any entity selling unallocated silver or gold doesn’t deserve you as a client in any fashion

If Perth has the silver, why can’t clients switch to allocated? Not even asking for a specific product to be made

Just allocate my portion of the 1000oz bars

Why is that so difficult?

Time for a shocker too

I’ve spoken to @silverguru22, @profitsplusid, and yes even @jchristiannyc1 about this topic

They are all united in bashing the hell out of how crappy it is and what a rip off it is

@PeterSchiff doesn’t care about you, or he wouldn’t sell this product

Another high level shit talk from @jchristiannyc1 too

He described the Perth Mint certificate program as a ‘roach motel’ and said they have a cottage industry helping clients get their metal out

When consultants are getting paid to help clients get their metal out the institution that you supposedly have metal at, it’s time to get your money out and run

At this point I’d get immediate refunds from Perth mint, ABC bullion, and Kitco pool programs of any type

If they tell you up front that you are a creditor, that it’s a performance swap, that massive unnecessary fees are included on the front and back end, and that there will be a huge delay and tons more in fees if you want metal, then I’d say that’s an honest unallocated broker

If they advertise it like that instead of just harping on ‘no storage fees!’ And you still want the product, then by all means proceed

They just haven’t sold it like that, so these institutions and @PeterSchiff deserve the pile on and loss of customers they’ll get for this